SJM Property Limited - Filleted accounts

Registered number

10736032

SJM Property Limited

Unaudited Filleted Accounts

29 April 2026

SJM Property Limited
Registered number:		10736032
Balance Sheet
as at 29 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			133
Investment property	4		2,663,157			2,555,000
			2,663,157			2,555,133

Current assets
Debtors	5	9,290			12,998
Cash at bank and in hand		150,650			174,559
		159,940			187,557

Creditors: amounts falling due within one year	6	(974,456)			(1,050,878)

Net current liabilities			(814,516)			(863,321)

Total assets less current liabilities			1,848,641			1,691,812

Creditors: amounts falling due after more than one year	7		(1,617,069)			(1,619,136)

Provisions for liabilities			(55,597)			(11,081)

Net assets			175,975			61,595

Capital and reserves
Called up share capital			1			1
Fair value reserve	9		252,866			217,916
Profit and loss account			(76,892)			(156,322)

Shareholder's funds			175,975			61,595

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr S J G Michel
Director
Approved by the board on 24/07/2026.

SJM Property Limited
Notes to the Accounts
for the period from 1 May 2025 to 29 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	- over 3 years on a straight line basis

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Computer equipment
£
	Cost
	At 1 May 2025				406
	At 29 April 2026				406

	Depreciation
	At 1 May 2025				273
	Charge for the period				133
	At 29 April 2026				406

	Net book value
	At 29 April 2026				-
	At 30 April 2025				133


4	Investment property
Total
£
	Fair value
	At 1 May 2025				2,555,000
	Revaluation				108,157

	At 29 April 2026				2,663,157

	Historical cost
	At 1 May 2025				2,326,004
	At 29 April 2026				2,326,004

	The investment property was valued on an open market basis on 29 April 2026 by the director.


5	Debtors		2026		2025
£				£

	Prepayments and accrued income		1,032		3,123
	Other debtors		8,258		9,875
			9,290		12,998


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		830		-
	Accruals and deferred income		1,275		12,737
	Director's current account		964,094		1,028,266
	Other creditors		8,257		9,875
			974,456		1,050,878


7	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		1,617,069		1,619,136


8	Loans		2026		2025
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		1,613,325		1,619,136


	Secured bank loans		1,617,899		1,619,136

	Bank loans are secured over the properties to which they relate.


9	Fair value reserve		2026		2025
£				£

	At 1 May 2025		217,916		63,344
	Reserve transfer		34,950		154,572

	At 29 April 2026		252,866		217,916


10	Related party transactions

	During the year £64,627 (2024: £76,245) was advanced from the director and £128,799 (2024: £197,454) was repaid to the director of the company. An amount of £964,094 (2024: £1,028,266) remained due to the director at the year end.


11	Other information

	SJM Property Limited is a private company, limited by shares, and incorporated in England. Its registered office address is:
	1 Hill Farm Cross Cottages
	Sutton Scotney
	Winchester
	SO21 3NS

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.